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Bold Commerce grew 6,878 per cent over the past five years and ranks 12th among Canada's 500 fastest-growing companies.

10 Winnipeg companies recognized among Canada's fastest growing

These local entrepreneurial superstars are making the cut among Canada’s top-growth businesses

By: EDW Newsroom // September 13, 2019

Several Winnipeg companies have grown at an astounding pace over the past five years, and that growth is being noticed on the
national stage.

Business and current affairs media brands Canadian
Business and Maclean’s
released the annual Growth 500 list of Canada’s Fastest-Growing Companies, ranked on five-year revenue growth.
A vast array of industries, regions and size, they have all demonstrated
aggressive – often exponential – revenue growth.

“The
companies on the 2019 Growth 500 are truly remarkable. Demonstrating foresight,
innovation and smart management, their stories serve as a primer for how to
build a successful entrepreneurial business today,” said Beth Fraser, Growth
500 program manager. “As we celebrate over 30 years of the Canada’s
Fastest-Growing Companies program, it’s encouraging to see that
entrepreneurship is healthier than ever in this country.”

These
local companies cracked the Growth 500 – considered Canada’s most respectable
and influential ranking of entrepreneurial achievement:

Bold Commerce says it’s beyond thrilled to rank 12th
out of 500 – a title that wouldn’t be possible without the support of its amazing
merchants, staff and the community. The article cites a whopping 6,878 per cent growth
over five years, 2018 revenue between $10-20 million and 282 full-time
equivalent employees in 2018.

Another
local rising star to watch: Avant Insurance Brokers ranked 34th on
the publication's 2019 Startup 50 list of the most brash, bold, bright
upstarts country has to offer. Avant cites 519 per cent five-year growth and
$1-2 million revenue in 2018.

“This is a huge testament to our commitment to our clients
and the hard work of our staff to grow our business,” said Cole Leitch, CEO of
Avant Insurance Brokers. “This shows that a great insurance brokerage,
committed to our clients is able to create a market in Western Canada.”

Eleven
local companies on the national top-growth list is a solid showing – and Bold’s
12th place ranking is one of the highest ever for a Manitoba company.

“We’re
proud to see Winnipeg companies are being recognized among the fastest growing
in the country,” said Dayna Spiring, President & CEO of Economic
Development Winnipeg. “Our city is home to many other thriving businesses and
successful start-ups who all contribute to Winnipeg’s economic growth. National
recognition by Canadian Business helps increase our city’s reputation as a
great place do to business.”